262 Prospect Avenue , Dunellen, NJ 08812 Photo
262 Prospect Avenue Dunellen, NJ 08812
$1,199,000
Active / MLS# 2706321R / Multi Unit - Multiple / Dunellen
0 Beds
5571 SqFt

Rare 3 unit in Dunellen, completely rebuilt and expanded in 2018. Every unit has hardwood floors, an updated kitchen and bath, Andersen windows, its own laundry, and separate utilities. Unit 1 offers 2 bedrooms, 1 bath, and a sunny breakfast nook, all on one level. Unit 2 offers 3 bedrooms and 2 baths, plus finished third-floor space. Unit 3 is the standout: three levels with a 23 primary suite, 3+ bedrooms, 4 full baths, a fireplace, an enclosed porch, finished attic space, and an attached garage with a loft above. It lives like its own house. Live in one unit and let the other two help pay the mortgage, or hold all three as a turnkey investment. Current gross rents are $112,800 a year, approx. 7% cap rate, and tenants pay all of their own utilities. Outside youll find paver patios, a covered pergola, a deck, parking for 6, and a huge barn/garage with loft storage and workshop space. Natural gas, central air, public water and sewer. The back of the property is in a flood zone.

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Mortgage Calculator

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(Payments are an estimate and may vary by lender)

Estimated Payment

$ 7,820.09 per month $6,062.80 Principal & Interest $1,407.58 Property Tax $349.71 Homeowner's Insurance

Property Details

Property Type: Multi Unit - Multiple
Basement: Partial, Storage Space, Interior Entry
Cooling: A/C Central - All, A/C Multi-Zone, Attic Fan, Separat
Garage: 2 car attached
Heating: Zoned, Forced Air, Separate Control, Separate Furnace
Home Style: 3 Family
Lot Size: 0.37 Acres
Roof Type: Asphalt
Stories: 3.0
Taxes: $16,891
Year Built: 1935

Amenities

Unit 1(2 Bedrooms
Kitchen
1 Bath
Living Room)
Unit 2(3 Bedrooms
Kitchen
Living Room
2+ Baths
Den/Family Room)
Unit 3(3 Bedrooms
Kitchen
Living Room
2+ Baths)
Patio
Porch(es) - Enclosed
Porch(es) - Open
Deck
Windows - Insulated Pane
Yard
Outbuilding(s)
Private Entrance

Feature Descriptions

Appliances: Water Heater(Gas), Water Heater, Unit 1(Dryer, Range/Oven, Refrigerator, Washer), Unit 2(Dryer, Range/Oven, Refrigerator, Washer), Unit 3(Dryer, Range/Oven, Refrigerator, Washer)
Days on Site: 4
Lot: Level
Lot Dimensions: 200.00 x 81.00
Parcel#: 0300064000000001
Parking: Garage, Attached, Detached, Garage Door Opener,4(+)Car Parking
Parking Notes: Garage, Attached, Detached, Garage Door Opener,4(+)Ca
Patio/Porch: Patio, Enclosed, Porch(es) - Open, Deck
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected
Water: Public
Window: Insulated Windows

Listed By / Shown By

Listed By

Agency Name: EXP REALTY, LLC

Shown By

Agent Name: Joey Perrelli
Agent Phone: (908) 917-5871
Agency Title: Hallmark Realtors

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